Section 40 Securities of International Bank for Reconstruction and Development

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(1) This section shall apply to any stock or other form of security issued by the International Bank for Reconstruction and Development.

(2) Any stock or other form of security to which this section applies shall be deemed to be a security issued under the authority of the Minister for Finance under section 36, and that section shall apply accordingly.

Is tax deductible from interest paid on World Bank securities?

(1)-(2) No. You are entitled to be paid interest on securities issued by the World Bank, and owned by you gross, i.e., without deduction of tax.